A Large Computer Manufacturer Forbids Its Executives and Managers from Serving

question 261

Multiple Choice

A large computer manufacturer forbids its executives and managers from serving as directors or officers for Hewlett-Packard or any other corporations from which it might purchase component parts.The company is trying to prevent

• A) their employees from having other jobs.
• B) a conflict of interest.
• C) trade secrets from being revealed.
• D) losing its executives to other organizations.
• E) fairness and honesty.

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Definitions:

Quantity Demanded

Quantity demanded refers to the total amount of a good or service consumers are willing to purchase at a specific price point, at a given time.

Quantity Supplied

The total amount of a commodity that producers are willing and able to sell at a given price level, during a specific time period.

Supply Curve

A graphical representation showing the relationship between the quantity of a good supplied and its price.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price level in a market.